X co. Ltd. forfeited 1,000 shares of Rs. 10 each fully called up for non-payment of final call of Rs. 1 per share. 400 of forfeited shares are reissued as fully paid at Rs. 8 per share. The balance of forfeited share account will be:
A. Rs. 2,800
B. Rs. 3,600
C. Rs. 5,400
D. Rs. 9,000
Answer: Option A
This Question Belongs to Commerce >> Accounting
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